September 18, 2008

DTE Energy Chairman and CEO Encouraged By New Energy Legislation

by ssavage

DETROIT, Sept. 18 /PRNewswire-FirstCall/ -- The Michigan legislature today voted to approve a comprehensive energy package that will move Michigan to a more secure energy future. The package of bills is the result of months of debate and discussion about energy policy and the use of renewable energy resources. As a result of today's action, DTE Energy Chairman and CEO, Anthony F. Earley Jr. said:

"In the face of challenging national energy issues, the Michigan legislature has taken comprehensive action to assure clean, affordable and reliable energy for Michigan's future.

"The legislation will be a catalyst for new construction and energy-related jobs in Michigan. DTE Energy will move forward immediately with the development of renewable energy projects and energy efficiency initiatives in Michigan. The legislation has also provided the certainty necessary to construct new power plants. These projects will provide thousands of highly paid construction jobs and long-term employment for hundreds of engineers, scientists and skilled technicians - just the kind of new economy and jobs Michigan needs.

"This balanced energy package garnered bipartisan support by the legislature and included compromise by all of parties involved. It will prove to be a win-win for Michigan residents and businesses. I congratulate Governor Granholm, Senate Majority Leader Bishop and House Speaker Dillon and their colleagues on a forward thinking legislative package."